Kenya Seeks Funding for Railway Project from UAE After China Cuts Financing | Firstpost Africa |N18G

Kenya Seeks Funding for Railway Project from UAE After China Cuts Financing | Firstpost Africa |N18G

Kenya has started discussions with the UAE to secure financing to complete a regional railway project that was left incomplete after China cut infrastructure funding. Kenya said it was exploring a partnership to extend the Standard Gauge Railway (SGR) to connect Kenya with Uganda and South Sudan. The railway project in question was part of China’s Belt and Road Initiative. However, its funding was cut due to debt repayment concerns. Ever since Ruto came to power, he has sought closer ties with the UAE, as Kenya looks to diversify its sources of financing. This comes as China-backed projects are facing hurdles in Africa. China’s loans have also drastically dropped to African countries. Watch to know more.

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[temmytayo]

Let UAE know that Kenyan are not in agreement with Ruto on these Borrowing We are in bad Debt

[mobeya]

Ruto is an incompetent and corrupt leader. That is what Kenya’s problem is.

[HubasaFamily]

As a Kenyan i detect robbery in progress!!! We are sinking in debt thanks to this thief!!!!

[GreenIsland]

Kenya did not dump China, China dumped Kenya, for very good reasons, and the UAE will likely be forced to do likewise.

[David-gyfv]

Ruto is raising money for the next elections

[MoBlack-xy]

THE SAME KENYA THAT WAS RANKED SECOND IN CORRUPTION JUST RECENTLY 😂

[zakthememelord]

It may look like nation building but most of that money will end up being looted. Ruto is one greedy monster. He has stolen billions and keeps on stealing. It's never enough with him

[KIlonzo]

Am sorry, but this president is not looking to accomplish anything.

[trendz_]

Ruto is just nothing but a disgrace to the Kenyan people

[GordonKhan-ek]

Africa don't need no puppet president.. come together my African brothers and sisters.. do the best for Africa

[petermaina]

The Chinese are smart and they know most of this borrowed funds end up enriching a few individuals..

[karimilucah]

We have a President who is a joker in the park😅. Where on earth did Arab countries construct a railway??

[Allpha-wollf]

😂😂😂😂adani tried to invest in Kenya and he was scammed 😂😂😂😂😂😂

[cryptocurrencyreview]

Other countries should let us first clean our house before lending us any money

[JohnMwangi-jvpp]

Railway is not a priority for now, our education n health sector are not doing well

[Ndayaki]

Kenyan didn't dump China; it's just a smart move to diversify sources👍

[emmansoti]

Kenyans don't need a sovereign replaced by another when it comes to financing of a railway that traverses the heart of the country. We finally have a chance as Kenyans to finance our own infrastructure and should seize the moment. 🎉

[freedom-uchm]

Kenya does not nred a railway When its gvt healthcare social system isnt working, this is just another leasing scandal happening right before our eyes.

[IbrahimAli-be]

Kasongo Kaongo doing whats best for the country

[zadockmahero]

If you don't repay your loans on time what do you expect? Will they ditch the UAE next? Poor financial management and excessive corruption is the real story here, not the supposed "ditching" of China.